Evader, Inc.
Pink Sheets : EVDR

Evader, Inc.

May 06, 2011 15:45 ET

ASCC (EVDR) Launches $33 Million Housing Project in New Chandigarh, India

NEW CHANDIGARH, INDIA--(Marketwire - May 6, 2011) - Evader, Inc. (PINK SHEETS:EVDR) (www.evadercorp.com) subsidiary ASCC is pleased to announce that it has launched Phase 1, a 480-unit integrated group housing project, in New Chandigarh valued at $33 million U.S.

ASCC is India's leading real estate company and this is the first integrated group housing project developed in New Chandigarh by a national real estate player. It's situated on 11 acres of lush greenery and 75% of the total property area has been reserved as open space for the comfort of residents.

The project offers eight-floor buildings with a total of 480 units located on the periphery of the city. These ultra-modern apartments range in price from 1.7 million to three million rupees (approximately $38,000 to $67,000 U.S.) and are available with two bedrooms, three bedrooms and three bedrooms with attached servant room.

The project comes with 100% power back-up, health club and swimming pool. There's around the clock security and water supply and a provision for gas being piped in.

ASCC CEO Avtar Singh Walia stated: "Having a strong foothold in other north Indian states, it gives us immense pleasure to announce our arrival with the first project in this area. The project will be distinct and modern in design and offerings, and yet will gel with the well-defined architecture and natural beauty that the region is so famous for. Work has successfully begun and is expected to take three years to finish."

In other news and events, ASCC is in the process of completing its audited statements with the aspiration of becoming a reporting issuer.

EVDR will keep investors and followers updated on this New Chandigarh project and other new company developments on a timely basis.

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